(but need not)

The JC’s Unmentionables™ Expressions our subeditor would strike from your copy — if we had a subeditor, and you submitted copy. →Go uptown 🚫🚫🚫Index: Click ᐅ to expand: Banned Flannel Drafting Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Banned.

As in “The Calculation Agent may (but need not) determine the appropriate correction or repayment, if any”. Popular amongst combat veterans members of ISDA’s crack drafting squad™.

Useful for those who are not entirely sure of the meaning of the world "may", or the concept of a discretion.